AdviceIQ Articles

  • Leaving IRA $ to Charity

    Bequeathing some assets to your favorite charity, rather than leaving it to your heirs, can spare them potential tax headaches and help a needy cause in times of tight budgets. Before you donate, though, think how your heirs might react and do your homework on the charity itself.

  • Bond Fund Prices Stale?

    Beware of buying bond funds whose prices are stale, giving speculators an opening. With some seldom-traded categories, like junk bonds, old prices can make the funds holding them cheaper – or more expensive – than they should be.

    Bonds, unlike stocks, aren’t traded on central exchanges. So, for instance, when some junk issues are lightly traded, reporting on their current prices takes a while to catch up. The price you pay for a fund is based on those of the individual bonds in its portfolio.

  • Late Savers’ To-do List

    The youngest baby boomers are turning 50 this year. If you haven’t already, it’s about time to give retirement planning some serious thoughts. Advisors have a list of basic must-dos for people in this life stage.

    “People who come to me in their 40s and 50s are really looking at maximizing everything they can do to prepare for retirement,” said Eve Kaplan, founder of Kaplan Financial Advisors during an advisor panel.

  • Ebola and Travel Dreams

    The West African Ebola outbreak has made headlines. Should you be afraid of this hideous disease? I’m off for a trip to Africa: Should I be afraid? No and no. Unreasonable fear should not deter you from travel.

  • The Bull Market’s Longevity

    The stock market has enjoyed a virtually uninterrupted rally since the dismal days of 2009, following the financial crisis. So the market is overdue for a big pullback, right? History suggests otherwise. Huge bull markets happened in the wake of serious past crises, with stocks reaching levels that were unimaginable at the time.

  • Why You Need a Financial Coach

    Advisors are coaches who see your financial blind side. Even the best, market-savvy players can benefit from having an advisor.

    “You don’t know what you don’t know,” said Larry Light, editor-in-chief of personal finance site AdviceIQ, during a panel discussion for National Financial Advisor Week. He gave an example of how his advisor, Jim Ludwick of Main Street Financial Planning, got him into a free health-care program that he otherwise would probably never know he is eligible for.

  • Dating Money Talk

    One of the challenges at the beginning of a romantic relationship is having the conversation about money. What questions are OK to ask, and when? How do you bring the subject up without seeming like a braggart, a coldhearted miser, or someone looking for a meal ticket?

    There really ought to be some rules of etiquette for exploring this essential topic; something like, “by the third date, it’s appropriate to start undressing financially.” Unfortunately, we don’t have such guidelines.

  • ‘Made in the U.S.A.’ Again

    The extent of the U.S. manufacturing renaissance is little appreciated. New energy sources are one reason for the turnaround. There’s another factor at work, though: American workers are increasingly competitive with foreigners.

    The comeback of this country’s domestic production is not widely known. My wife Maureen and I were in our local mall recently when we overheard a couple of people in the Nike store discussing how nothing is made in America anymore.

  • Largest Wealth Shift Looms

    A huge amount of assets will move from baby boomers to their millennial offspring over the next decade, according to the chief of a leading investment firm during National Financial Advisor Week.

    “This will be the largest transfer of wealth in history,” said Nicholas Schorsch, executive director of the board of RCS Capital, who estimated the amount millennials will inherit at $30 trillion.

  • Biz Owners’ Succession Plans

    What happens to your business when you retire? Whether you pass it on to your child or sell it to support your retirement, you need a succession plan.

    Building a small business is somewhat like being a parent. You start with an infant enterprise that needs constant attention and often deprives you of sleep. You foster it through various stages of growth, including some rocky times, and help it stand on its own. Eventually, you may rely on it to carry on your legacy and take care of you financially.


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